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U.S. Congress, White House begin tough debt limit, budget negotiations

U.S. Congress, White House begin tough debt limit, budget negotiations

© Reuters. FILE PHOTO: The U.S. Capitol building is seen in Washington, U.S., April 5, 2023. REUTERS/Elizabeth Frantz/File Photo By Richard Cowan and David Morgan WASHINGTON (Reuters) – Detailed talks on raising the U.S. government’s $31.4 trillion debt ceiling kicked off on Wednesday with Republicans insisting on deep spending cuts, the day after Democratic President…

China forex reserves rise to $3.205 trln in April

China forex reserves rise to $3.205 trln in April

© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s…